In statements at a ceremony on Thursday for the signing of the Greek State’s lease with the joint venture Exxon Mobil – Total – Hellenic Petroleum, which grants the consortium the right to carry out exploratory drilling and extract hydrocarbons in the sea west and southwest of Crete, Greece’s Environment and Energy Minister George Stathakis said it was a “great day” for Greece, ANA reports.
He also referred to the benefits emerging from Thursday’s contract, pointing out that there will be many for Greece and especially for Crete. “Part of the state funding will be allocated directly to the region of Crete and this is very good for the universities. The Institute of Petroleum Research has already been founded on Crete and this development is totally aligned with the Greek plan for the climate and energy in 2030, which foresees a doubling of the renewable energy sources [share] at present, from 29 percent to 60 percent. A major part of the transition to RES is the possibility to access and use natural gas as a transition fuel, which will stabilize the system.”
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